Global Sodium Hydrosulfite Market Is Expanding Owing To Growing Consumer Confidence And Rising Confidence Level Of Consumers

 

Overview:

Sodium hydrosulfite is an industrial chemical used as a reducing agent for dyeing with indigo and vat dyes, bleaching of sugar, jaggary, soaps and straw; removal of acid-containing or sulfate-containing pigments from textiles; and other applications. It is also used as a sanitizing agent. The product is a white, crystalline powder, Na₂S₂O₄. It is soluble in water and is widely employed as a reducing agent for dyeing and bleaching of fabrics. The product is manufactured through different processes depending on the manufacturer, availability of raw material and scale of production. Some manufacturers manufacture the product by adding chemicals in water to form a solution. The combustible solid of sodium hydrosulfite reacts violently with moisture and air and can cause ignition under fire conditions. It emits toxic fumes and gases when exposed to fire. The hazardous material requires extensive preheating before ignition can occur. The product should not be handled in confined spaces as it is flammable and may ignite combustible materials.

Market Dynamics:

Growing business expansion by key players is estimated to augment growth of the global Sodium Hydrosulfite Market over the forecast period. For instance, KPCT Advanced Chemicals LLC is building a new electronic grade sulphuric acid plant in Casa Grande, Arizona in July 2022. This plant will have an annual capacity of 100,000MT of electronic grade acid approximately and it is estimated to start in 2024. Moreover, rapid digitalization is anticipated to restrain growth of the global sodium hydrosulfite market over the forecast period.

Impact of COVID-19:

The pandemic was declared as a public health emergency by t eh World Health Organization in 2020.  This viral outbreak affected many nations across the world and led to imposition of strict lockdowns in many countries. These lockdowns resulted in shutting down of many businesses and manufacturing units. Production activities in automobiles, electronics and chemical industries were halted owing to shortage of raw materials and lack of skilled labor. The pandemic also led to disrupting supply chains in many countries. The demand for sodium hydrosulfite was also decreased during the pandemic. This had a negative impact on the growth of the global sodium hydrosulfite market. However, the market is estimated to witness growth in the post-pandemic era as many restrictions have been relaxed.

 

Key Takeaways:

 

The global sodium hydrosulfite market is expected to witness high growth, exhibiting CAGR of 4.1 % over the forecast period, due to increasing acquisitions by key players. For instance, Brüggemann Chemical GmbH & Co. KG, acquired Auserpolimeri, a leading developer and manufacturer of functionalized polymers, in July 2022. This acquisition will help in the expansion of the business.

 

Asia-Pacific is anticipated to witness significant growth in the global sodium hydrosulfite market over the forecast period, owing to growing wood and textile industries.

Major players operating in the global sodium hydrosulfite market are Royce International Corp., AZ Chemicals, Inc., Montgomery Chemicals LLC, BASF SE, Mitsubisi Gas Chemical Company, Inc., Bruggemann Chemical GmbH & Co. KG, Jinhe Group, Chemtrade Logistics, Guangdong ZhongCheng Chemicals Inc., Ltd., and Finetech Industry Limited.